According to a new market report published by Lucintel, the future of epoxy resin in the global composites industry looks good with opportunities in the transportation, marine, wind energy, aerospace, pipe & tank, construction, electrical and electronics, and consumer goods. The global epoxy resin in the global composites market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $4.2 billion by 2025 with a CAGR of 2% to 4% from 2020 to 2025. The major drivers of growth for this market are increasing use of epoxy resin in aerospace, electrical and electronic, wind energy, and pipe & tank. Epoxy provides superior properties over other thermoset such as polyester, vinyl ester, etc. in the areas of improved adhesion, chemical and heat resistance along with enhanced mechanical performance.
Browse 77 Market Data Tables 102 Figures155 Pages and in-depth TOC on "Epoxy Resin in the Global Composites Market" http://www.lucintel.com/epoxy-resin-in-composites-industry.aspx
In this market, wind energy, pipe and tank, and electrical and electronics are the major end industries. On the basis of its comprehensive research, Lucintel forecasts that the electrical and electronics segment is expected to remain the largest segment by value and volume and aerospace will experience the highest growth over the forecast period supported by introduction of new aircraft programs and increasing penetration of composites in commercial aircraft such as Boeing 787 and Airbus 350.
Asia Pacific (APAC) is expected to remain the largest region by value and volume. North America is expected to experience the highest growth over the forecast period due to growth in end use industries.
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Emerging trends, which have a direct impact on the dynamics of the industry, include the development of new generation epoxy resin systems that include faster cure cycles, easier demolding, and more process versatility and the use of hybrid epoxy in electrical and electronics applications. Hexion, Huntsman Corporations, Olin Corporation, and Nan Ya Plastics Corporation are among the major suppliers of epoxy resin for the global composites industry.
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The study includes a forecast for epoxy resin in the global composites industry by end use industry, region and by country as follows:
By end use industry (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):
Transportation
Marine
Wind Energy
Aerospace
Pipe and Tank
Construction
Electrical and Electronics
Consumer Goods
Others
By region (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):
North America
Europe
APAC
ROW
By country (Value ($M) and Volume (M lbs) shipment analysis for 2014 – 2025):
US
Canada
Germany
UK
France
China
Taiwan
India
Middle East
Others
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This 155 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com
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